Hyliion Appoints Jay Craig as New Chairman of the Board

AUSTIN, Texas – Hyliion Holdings Corp., a leader in electrified powertrain solutions for Class 8 semi-trucks, has appointed Jeffrey A. (Jay) Craig as the new Chairman of the Board. Effective December 12, 2022, Craig succeeds Ed Olkkola, who recently passed away after a courageous battle with cancer.

A long-recognized leader in the commercial vehicle space, Craig joined Hyliion’s board of directors in February 2022 after serving as Chief Executive Officer at Meritor. During his time as a board member, Craig has been instrumental in driving the execution of Hypertruck ERX development milestones.

“I am honored to step into this role as Hyliion makes further advancements along its commercialization path and looks ahead at production later this year. Hyliion’s mission of transforming commercial trucking through innovative electrification solutions is both ambitious and necessary. I look forward to continuing to strategically support the company, its talented team, and its vision of a net-carbon-negative transportation industry in this new capacity,” said Jay Craig.

With Craig’s appointment, Hyliion has reduced its board size to nine members.

About – Hyliion Holdings Corp.’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, to transform the commercial transportation industry’s environmental impact at scale.